Lockdown, Day 42: Deadliest 24 hours for India

CORONAVIRUS UPDATES 5 May, 2020 | 05:57 PM IST SENSEX 31,454 -261.84 NIFTY 50 9,206 -87.90 Gold 45,497 -310.00 USD/INR 75.63 -0.10

Lockdown, Day 42: Deadliest 24 hours for India India is finally stirring back to life after six weeks of one of the harshest lockdowns in the world. But the reopening has hardly brought any cheer. Anxiety still clouds the outlook amid a lack of meaningful fiscal help for workers and companies. Meanwhile, in the last 24 hours, the country saw the sharpest spike yet - 3900 fresh cases & 195 casualties. Here are the other top news of the day... COUNT SO FAR New case in Odisha, total stands at 170 Rajasthan reports 66 new cases; state tally hits 3,127 Cases in Indore rise to 1,654; death toll reaches 79 67 new cases reported in Andhra Pradesh; tally up to 1717 58 para-military jawans test positive in Greater Noida 13 new cases in Noida, total now 192 8 more cases in Karnataka; tally now stands at 659 24 test positive in Army's Research and Referral Hospital in Delhi 45 ITBP personnel have tested positive so far Bengal reports 85 new cases; state tally climbs to 1,344 3 new deaths reported in Pune Uttarakhand tally rises to 61 World India Tally Toll Tally Toll 35,84,174 2,51,580 46,711 1583 LIFE IN A LOCKDOWN JEE-Mains to be held from July 18-23, JEE-Advanced in August Medical entrance exam NEET to be conducted on July 26 Section 144 imposed in Mumbai till 17th May Wipro to convert Pune office into COVID-19 hospital EPFO releases Rs.764 crore to its 65 lakh pensioners ECONOMY AND BUSINESS Sensex slips 810 points from day's high to end 262 points lower; Nifty slips below 9,250 Delhi: Price of petrol goes up by Rs 1.67 & diesel by Rs 7.10 Andhra Pradesh hikes liquor prices by 75% Senior Vistara employees to go on leave without pay for up to 4 days/month in May and June Mumbai luxury residential prices to dip 5% in 2020 Asian Paints partially resumes operations CSS Corp rolls out pay hikes, to hire 1000 people this quarter AROUND THE WORLD Global death toll tops 250,000 UK economy set to shrink 7% or more: IHS Markit US deaths rise by 1,015 in 24 hours, lowest in a month China reports 16 new cases; tally reaches 82,881 Singapore confirms 632 new cases Mexico registers 1,434 new cases, 117 deaths Spain adds 280,000 jobless during April lockdown Pakistan tally surges past 21,000 DEBATE THIS Can India afford a tax holiday? Join here

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Is Covid hurting your job? Find out how to manage your career and protect your finances

THE ECONOMIC TIMES Tue, May 05, 2020 | 08:32 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#alternative investment returns monitor,#realty hot spot series,#stock pick of the week,#mf portfolio doctor,#family finance

Is Covid hurting your job? Find out how to manage your career and protect your finances In India, the total number of jobs likely to be impacted is 136 million, as per the NSS. Analysis of 5 largest debt mutual funds across categories to see if investors should be worried ​​ET Wealth studies the quality of papers held by the five largest schemes of different debt fund categories to see if investors should be worried. Podcast: Thinking of getting job loss insurance? Here's the not so pretty truth If you are considering to buy a job-loss cover, listen to this podcast so that you do not end up buying something you did not want. Is this the time to stay put or should you tweak your savings and investments? A lot of people have realised the value of gradual exit from the equity in the last few weeks. Savers had saved and grown money over years in equity funds for expenses that they had planned for 2020 or 2021. From our Partners Experts on business continuity planning and risk mitigation From our Partners ET Catalyse Virtual: The role of brand communication during a lockdown From pay cuts to job security, answers to six questions you have about covid and your career If the company is planning lay-offs, start circulating your resume and talking to people in the industry without discussing it with colleagues. It is also a good idea to build a contingency fund to help you sail through in case you don't find a job immediately. Franklin debt mutual funds: How much will you get back and when? How soon can you start getting back your money? In a normal scenario, the maturity profile of the scheme would be a good indicator. However, investors will have to wait to get back their money, which is likely to be paid out in tranches over 3-4 yrs Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 8.69 -4.84 -14.24 9.93 Invest Now Axis Bluechip Fund-Growth ★★★★★ 7.25 -5.97 -14.73 9.79 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 5.11 -5.37 -12.58 13.56 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 3.88 -6.55 -13.11 13.49 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 2.40 -18.14 -21.52 14.85 Invest Now FeaturedAxis Midcap Direct Plan-Growth ★★★★★ 7.90 -1.18 -10.41 10.36 Start SIP Why long-term investing is not about buying and forgetting Since all asset classes move in cycles, investors need to time the shift between classes. The shift can be based on absolute returns—sell any asset class that gave x% plus absolute return in the last few years— or based on internal valuations. Future of work: What to expect after coronavirus crisis blows over Factors will determine if your job profile will evolve. However, don't expect a change where the business-efficient alternative is to replace you to save nonproductive costs or deal with change in customer behaviour.

FEATURED SLIDESHOWS

Don't forget these 5 points about RBI's EMI moratorium How to protect your privacy online in the coronavirus lockdown Covid crisis: What to do if someone asks you for financial help 6 tips to make work from home easy in the covid lockdown More Slideshows

Financial Calculators Old or new tax slab regime? Use this calculator to find out This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds.

Lockdown impacting your income? Do this now so that your future money goals are safe Incomes of many people, especially those who are self-employed, have been impacted due to the lockdown. To help you through these tough times, here is how you can cut down on current expenses so that your future goals are not at risk. Four ways to review and modify asset allocation in mutual funds As the financial markets scenario is changing, it is important to review and modify (if needed) the existing asset allocation. However, before going ahead, you should consult your financial advisor. From IL&FS to recent turmoil in debt mutual funds, why India has failed as a lending market Innumerable examples show how we systematically destroyed lending as a profession in this country in the last 73 years of being in charge of our destinies. 5 compact, powerful smartphones Mobile phone manufacturers are focusing on increasing the screen size of devices. However, if you are someone who prefer a more compact phone, ET Wealth rounds up some of the best options. Covid impact: 2 in 5 employees are facing salary cuts, finds survey ​​​​59.8% of the respondents who have upskilled during the lockdown are those with a work experience of 10-14 years. On the other hand, 41% of the respondents who believe working from home is a better option belong to the age group of 26-35 years. How to use Value at Risk tool to manage a stock's downside risk The unabated volatility is intensifying downside risks in investments. Under these conditions, it is worth looking at statistics that can predict the potential loss a stock or a portfolio can suffer. 5 ways investors are impacted by closure of mutual fund schemes Investors will receive whatever amount the fund house is able to recover by liquidating the underlying investments in proportion of their holdings in the respective schemes. How Sensex, US dollar, 10-year G-sec performed during week ending Apr 30, 2020 Here is the weekly tracker of returns from Sensex, 10-year government bond and US dollar-INR. Tax optimiser: IT professional Sharma should use NPS instead of PPF to save tax ET Wealth tells readers how they can optimise their tax by rejigging their income and investments. Realty hot spot series: Average price of 1BHK in this Mumbai locality is Rs 1.24 crore Bandra Kurla Complex (BKC), in Mumbai, is a prime business district hosting various government offices and corporate offices. The locality has excellent connectivity and good social infrastructure.

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